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<br /> � ..,� ' � 'EOG&TliER 1NITN aU the improvemat�s itow or bereafter encted on the pioperty.and ail�m�t�.�O � � (
<br />-�5; , , ��` of the PmPerty+. A i l c�ep l a o e m e n t s a n d a d d i t i o n s s h a l l a t s o 6 e o o v e r e d 6 y ' �ri t Y '.'.�":.
<br /> � , , �" , tixtures now or hemaftec a part : .,�
<br /> � ' � ''��-� Instrumem.AU of ttte fon�oin�is referred to�n this Security lnseranaent as tke'PrupetcY•� f:'r.''
<br /> �� BORROWER CQVENAN'CS tI�Baaower is lawfully seised of the estute hereby coaveyed and das the right to grant and } :•;;
<br /> � •.�<, h
<br /> ` oonvey the Property and that the F�opetzY is un�sume�d.��Pt for encumhranoes of record. Borrower wareants and arill
<br />- defertd generally the titie to the�pe�ty a�a�.st a!l elsims and demandc.subjec[to any ennvmbrances of c�ecord.' - -:-`
<br /> d
<br /> ^` � ?HIS SECURITY INSTRUMENT oombines unifora�wvenants for�atiortal use aad aon-uniform oovenants with limited Y.:_:
<br /> .^"'y v�iations by judsdiciion to constimte a unifarm securiry insnum�nt coveriuS*�F��3'•
<br /> , ;�.
<br /> ���-
<br />.. • ' ,� UPJIFORM COYENANI S.Hormwes attd Lender ooveaant and agree as follows: ��_,�..
<br /> .. l. Payment oY Prindpal and interes� Pre�apm�t and Late(fisiges� Bosower shaU pma�ptlY PaY when due the �� �
<br /> � . �. � priacipa!of and intere�on tbe debt eviden�ed by the Note and aay ptepayment ar.d late cl�arges due undcr the Note. �_'-`=-
<br /> � ` 2.Fuadg Por Tu;es and Instu'anee.Subject to appl�cabie law er to a wriuen waiver by Leuder,Borrower shail pay to ��`�
<br /> . ' LeAder on the day monthlY paYments are due under che Note.nntil the Note is paid in fuli,a sum t"Funds')far.(a?Y�Y�� �_�_r
<br /> � and assessmeats whtch may attain priority over this SecuritY Iast�meut as a lien on the Progerty:(b)YearlY teased�old payments
<br /> • � or ar.d ierus oa the t�aperty.if aay:(c)Year1Y haacd or pmgerty insutance piemiums:(d)YeasiY flood ims�uazcce pma�i►�s. `,� :
<br /> � �-�-V"`_
<br />. . ° - if any:(e)YeadY mortgaSe ias�uance premiums,if any:and(�any sums payable by Borrower w Lender.in axordaace c+� :�•:-
<br /> . ;t ,�.." �`. the provisions of pazagraph 8.in ti�of the payment of utortgage insuraace pteminms.The.se items are calted`�scrow.I�° -,._;
<br /> < . �`�:; i.ender may, at aay time,wfied m�M hotd Funds in an amouni not to excx�d the maximum amouac a lender for a fe��ISy �..-x,,
<br /> relat�i�nortgage loan may tequite for Borrower's escrow aaauat nnder tke federal Real Estate Settlemeat Pmceduccs Acq of
<br /> � ' 19T4 as ameaded fmm time W time, 12 U.S.C.SeQion 2601 et seq.('RESPA°),unless another law that a�&es to the Fued� .
<br /> . - -,:'��: ' sets a lesser amount.If so, Lender may. at auy tiucc.oollect and hold Funds in an amount not to exceed the�l�ssec am�ur�. � _
<br /> f,:�� � Lendet may estimate the amount of Futcds dne on the basis of cumeat data and reasonable estimates of expendimies og��r . -
<br />•��`' ' Escmw Items or oihetwise in aecordaace with applicable law. .;::`4
<br /> � � � � •`�•�� The Funds shall be 6eld in an institution whose de�osits ane insuted by a fedecal agency, instrumentality. or en6ty , .:_
<br /> `'`°'�.'°�.,�.';`.j< (inctuding Ixnder.if LenQer is such�e�on)or in any Federat Home Loan Bank.I.eader shall apply the Funds to pay the . -� °
<br /> .f �__�,.
<br /> � Escrow Itetns.i.ender may not charge Borrower for holding and applyiag the Funds,aanually analyzing d►e escrow acroant.or �._-
<br /> ' ," . •`' • verifying the Fscrow Itetns.untess Lender pays Borrower interest on the Funds�d appHcable law peanits i.ender to make such �"°;;.
<br /> a _-
<br /> � � ' a charge.Hoarever.Leader may cequire Borrower to pay a one-time charge for an independent rea!estate tax teporting senrIoe �'-_'
<br /> . :�,'J use�l by I,ender in connectian with this loan. auless applicable taw provides othera+ise. Unless an agreement is made or �__
<br /> ' . � . a�piicable law requires interest to be paid,Leader shall not 6e requised tu pay Borrower any interest or euaings on the Fuads. —
<br />' ' � Borrower and Lender may agree in writing,however.that interest sha11 be paid on the Fuads.Lender shall give w Borrower,
<br /> � - witAout c�iar�e,an anaual acr.ount�g of the F�nds,showing credits and debits to the Fuia�and the purpose for wl�iclh each ���_
<br /> � • ' debit to the Funds was made.The Fu�s are pledged as addidonal sea�riry for aif sums s�by this Se�ty tn�.,�*+�-�'. _ -
<br /> �.s If tlse Fm�ds hetd hy L�ei exccc�ed the amounts pemiitttted co 6e held by applicable law.Lender sball accoant to Bo=rower `_'
<br /> � �= for t he ex ce s s F a n t l s i n a c c o N a n c e with the r e�a i r e m e n t s uf a p Dlicab2e law. If ihe au�ouac of the Fuad�hel�by I.ender at aay _
<br /> , . �'` tlme is not sufficlent to pay the Escmx items when due,Lcrnder may so notify Bomower in�vriting,and,in such c�se Borrower� •
<br /> ��; shall pay to I.ender the amount►ieo�..s�ry to make up tf�e deficienay. Bortower shall mak�tys the deficiency in no more than �.:.:�
<br /> . , : twelve monthly payments,at Lender s sole�iscntion. �.�_-
<br /> .' .' :' �u'; . iJpon payrra.nt in futl of all sams secured by this Securiry Insuument,Leader shaU pmmpdy r e f a n d to Borrower any _
<br /> _ ' � � � ` ` Funds held by Lender�.�".;under paragragh Zl,l,e�i�.''r shall acqaire or seU the 8toperty,I.ender.prior to the acqaisition ot sale � _-_
<br /> ` � � ' of the Progerty,sha]E�a�iY atry Fuads&eld by t��r at the time of accquuisition or sale as a credit against�e snms sec.tiired by _
<br /> a � .
<br /> � �-' this Se�uity Insawne�2._ . � .. . � . ' . --
<br /> ;: . ' ;'� � ..
<br />:_ . � ;•:�.` 3.AppllcatE�a aE f�aymcnts:Ut�zss appti�DiG'1aw provides otherwise,a11 payments received by Lender ueder�bs _'—
<br /> ,�•�.- : �• � 1 and 2 shall i�e appli�l:,�.rst,w anY Prepayri'.�t cl�r8es'due under tha Note:second,to amouats payable apder paragYSPh 2; --
<br /> Y '` �"� ' `'� thitd,to interest due:63�1�.to principal due:ar��[i�t,to any late charges due ander the Note. �� . � N
<br /> �- �:�. �: . � ���' :� .�.�..;�� 4,Tharges;Lie�.Borrower shall pay a!i 'ra.�c�c.assessmenu.charges.fines and'unpositions attribasi�le to the Praperty �. --
<br /> x°� : ;.. �; .;;: ,: ---
<br /> .�.
<br /> '•..�st��;a,...;;�.'�� �,'�,' which tray atta9n priority over this Sawriry Instiument, and leasehold payments or grour�ients.if any. Eorrower shall pay �
<br /> Wese obligations in the maaner pmvu�in par�taph 2.or if aut paid in that manner.Barm7rer shall pay_them on dme dlrectty � �
<br /> �, �� � to the person owed paymerrt.Boniower shall pi�+a�ty furnish to Lender all nodces of amouius to be Raid under this parag�aPh• . . ° .
<br /> If Borrower makes th��:payments directty,Botr.;na+.�r shall promptly fivaish w.l.ender rereipts evidencing the paymeuts. . �' '
<br />;;' {.' ' � , Borrower shall pi�-��dy discf�rge any tien which i�as prlorlty aver tt�is 5�uiry tnst:ument nnle�s Borr+uwer.(a)agees in �'�
<br /> • �, « ; writing to the yaymeat of tJie obG�Zion secured hy the lien 1n a manner acceptabte to I.ender:(b)contests in goad faitf�the lien , �'�
<br /> ' by. or defends against e n farcemer.t of t he lien in, legal proceedin gs which in the Lender's opInion operate W prevem the �.,:
<br /> • � ' '�' ��.�� enforcement of the liea;,or(c)secures from the holder of the lien an agre�eat satisfa�tory to�.cnder subordinating the lien w ��
<br /> �� �� ' this Security lnswment.If Lender determines that any part of the Property,i�subject to a lien which mb�attain prioriry over
<br /> �. ; this Securiry Instrument.Lend�r may give Borrower a notice identifying the lien.Borrower shall satisfy iike fien or t�ke one or ."
<br /> �� � • � • � rtcore of the actions set forth above within 10 days of the giving of notice.
<br /> �, • • ' . } Form Sba8 9/90
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